Nifty view for 23-07-2013

Nifty completed Big B which was earlier expected to raise upto blue line but decreasing momentum confirms that turnaround began...

Inverted hammer formed on daily charts today...

Again below 5,566.25 likely in coming days....

...

Nifty view for 16-07-2013

Updated chart as follows:

As lower time frames shows negative divergence, it seems as expanded flat in play which can do make nifty to decline in the range 5960 to 5936......

A small wolfe suggests the same view....